Authord by James Rickards via The Daily Reckoning,
All three major stock indexes were deep in the red last week, and volatility spiked for the first time in months as the war clouds gather over the Korean Peninsula.
Here’s the latest tweet from President Trump:
Here’s another from two days ago, equally as subtle:
Following the media's brouhaha around President Trump's apparent decision not to specifically call out and condemn the white supremacists and neo-Nazis who gathered in Charlottesville this weekend, The White House has issued a statement confirmingthat the president "does not condone violence, bigotry, and hatred... from any extremist groups."
As The Hill reports, Trump took bipartisan heat on Saturday for not directly calling out hate groups in his remarks, and for blaming "many sides" for the violence.
Global markets are closed for the weekend, so we will need to wait until tomorrow evening to see how investors react to the latest back-and-forth between the North Korean government and President Donald Trump. In North Korea’s latest salvo in its war of words, a state-run newspaper declared in an editorial that the country’s Paektusan army is now “on standby to launch fire into its [the US’s] mainland, waiting for an order of final attack."
Authored by James George Jatras via The Strategic Culture Foundation,
For the first time in four years, the credit market sees more risk of a South Korean sovereign default/devaluation than China.
After months of hit money flows in EM stocks sending KOSPI to record highs in the face of rising nuclear tensions with its neighbor, this week saw investors crack as Daiwa analysts warned "Kim looks to have chosen a path of no return."